Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário

BOVESPA:MFII11 Stock Report

Market Cap: R$421.8m

Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário Valuation

Is MFII11 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MFII11 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MFII11 (R$94.69) is trading below our estimate of fair value (R$108.36)

Significantly Below Fair Value: MFII11 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MFII11?

Key metric: As MFII11 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MFII11. This is calculated by dividing MFII11's market cap by their current earnings.
What is MFII11's PE Ratio?
PE Ratio4.3x
EarningsR$98.52m
Market CapR$421.83m

Price to Earnings Ratio vs Peers

How does MFII11's PE Ratio compare to its peers?

The above table shows the PE ratio for MFII11 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.2x
BPFF11 Fundo de Investimento Imobiliário - FII Brasil Plural Absoluto Fundo de Fundos
5xn/aR$271.7m
JSRE11 JS Real Estate multigestão - FII fund
27.3xn/aR$1.2b
KNRI11 Kinea Renda Imobiliária Fundo de Investimento Imobiliário
13xn/aR$3.8b
TRNT11 Fundo de Investimento Imobiliário - FII Torre Norte
19.5xn/aR$456.5m
MFII11 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário
4.3xn/aR$421.8m

Price-To-Earnings vs Peers: MFII11 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (16.2x).

Price to Earnings Ratio vs Industry

How does MFII11's PE Ratio compare vs other companies in the Global REITs Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MFII11 4.3xIndustry Avg. 16.0xNo. of Companies20PE01020304050+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MFII11 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the Global REITs industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is MFII11's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MFII11 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MFII11's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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